Last week was Governor Scott’s State of the State Address, which seemed to be well received be legislators and commentators on both sides of the isle. However, a few things jumped out at me, one of which was the Governor’s hold-the-line stance on statewide property taxes. Historically, this is difficult to promise. Despite having a statewide system, Vermont property taxes are quite complex in how they impact Vermonters’ actual tax bills.
We actually have three statewide tax rates: residential, income-sensitized, and non-residential. Both the residential and income-sensitized rates are applied to a local multiplier (which is determined by a district’s per pupil spending) while non-residential is a flat statewide rate. To make this even more tricky, the local multiplier that effects residential and income-sensitized rates is calculated using a statewide base that is set by the Legislature. Complicated, isn’t it?Read more
Email Blast Sent to Supporters on December 29, 2017. Subscribe!
What does $2000 mean for your family? Putting off an important dental procedure? Not being able to invest in your child’s college fund or send them to summer camp? Skipping vital home repairs? Not being able to travel to see family and friends? Perhaps it’s having to choose between being able to set the thermostat above 58 all winter, or eat nothing but rice and chicken until the snow thaws.Read more
Email Blast Sent to Supporters on December 28, 2017. Subscribe!
How much more will it cost you to live in our great state next year? Let’s take a look at what happened in 2017.
August: Vermonters receive news that Blue Cross and Blue Shield of Vermont (BCBS-VT) insurance premiums will rise 9.2%, the largest increase ever. For a standard family silver level plan, this means an increase of nearly $113 per month, or $1,352 per year.Read more